Refinance / Cash Out Loans in Ellsworth, Maine

A total of 25 search results for hard money refinance lenders were found in Ellsworth, ME.
The average note amount in the city is $295,834.
Rates on private loans issued to Ellsworth investors average 11.9%. The mean note issued in this city is for 36 months.
The average hard money loan offered in the city carries a 3.0 point origination fee. The mean loan-to-value (LTV) offered for loans in Ellsworth is 75%.

Loan Example 1

Jared
is a business owner in Ellsworth, ME who owns an office building for his operations.
He decides he requires funds for his company's operations but is rejected by his bank for a cash out refinancing, so he looks to Flourish Investment Group
for a private money refinance.
After determining the property to be worth approximately $2,100,000, they agree to a 50% loan-to-value (LTV) on the transaction.
The lender will begin to collect interest only payments for a 3 year period. Additionally, they will subtract 2 points at the close and will then get the principle returned in a balloon payment when the loan expires. According to the rules of this deal, Flourish Investment Group
will give Jared
a sum of $1,029,000 on his building ($2,100,000 market value x 50% LTV - $21,000 in origination points). Jared
will then pay $10,500 per month in interest fees until the loan expires and will finally return the $1,050,000 principle amount of the loan.

Loan Example 2

Lee
is a small business owner in Ellsworth, ME and he owns a warehouse for his operation.
He comes to an agreement with his partner to purchase their piece of the partnership but he doesn't have enough personal funds for the deal. To make the deal happen, he takes money out of the equity he has in his property through a private money cash out refi loan from Brook View Finance Company
.
After deeming the building to be valued at approximately $800,000, they contract to a 55% loan to value (LTV) for the transaction.
The lender will deduct 4 origination points when the transaction closes and then collect interest only payments at 13% for 1 years. The principle is to be repaid in one balloon sum when the note matures.
Lee
will receive $422,400 in cash from Brook View Finance Company
when the loan is executed ($800,000 value x 55% loan to value - $17,600 in origination fees). He will then begin making monthly payments of $4,767 for the 1 year duration of the note. He will also make one final payment of $440,000 to close the debt.

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...

Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country.
They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...

Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US.
They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans.
...

Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US.
They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, ...

Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US.
They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Gokapital Mortgage is a Miami, FL based private lender who provides funding all throughout the US.
They provide lending solutions for a variety of situations, including loans for rental properties, cash out hard money loans, fix-and-flip loans, hard money ...

Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States.
They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans.
Their ...

Headquartered in Neenah, WI, Peak Choice Capital is a private lender providing funding in 45 states throughout the US.
They offer short term bridge loans, buy and hold loans, cash out loans, fix-and-flip loans, and private commercial loans.
...

Headquartered in South Windsor, CT, RCN Capital is a hard money lender providing funding in 47 states across the country.
They provide loans for many different scenarios, including cash out loans, fix-and-flip hard money loans, commercial hard money loans, ...

Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States.
They provide loans for a variety of needs and situations, including short term loans, investment property ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country.
They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...

Revere Capital is an asset-based lender in Dallas, TX offering funding all throughout the United States.
They provide hard money loans for commercial properties, fix-and-flip hard money loans, loans for investments properties, and cash out loans.
They ...

Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US.
They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans.
...

Direct Money Lenders is an Indianapolis, IN based hard money lender providing funding across the country.
They provide loans for many different situations, including cash out hard money loans, hard money bridge loans, commercial loans, and fix and ...

Ameriquest Financial is a Milton, GA based hard money lender. They provide loans all throughout the US. They provide rental property loans, hard money refinancing, and fix and flip loans.
Their loan parameters are versatile, including ...

Based in New York, NY, Mercury Capital is a hard money lender offering loans all throughout the United States.
They offer lending solutions for a variety of situations and needs, including cash out loans and commercial hard money loans. ...

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